Kestra Private Wealth Services LLC Boosts Stock Holdings in Gentex Co. (NASDAQ:GNTX)

Kestra Private Wealth Services LLC grew its holdings in Gentex Co. (NASDAQ:GNTX) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,585 shares of the auto parts company’s stock after purchasing an additional 907 shares during the period. Kestra Private Wealth Services LLC’s holdings in Gentex were worth $378,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Synovus Financial Corp increased its holdings in shares of Gentex by 1.7% in the third quarter. Synovus Financial Corp now owns 20,068 shares of the auto parts company’s stock worth $653,000 after purchasing an additional 333 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Gentex by 0.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 50,311 shares of the auto parts company’s stock worth $1,643,000 after purchasing an additional 336 shares during the last quarter. Lincoln National Corp raised its stake in Gentex by 2.3% in the third quarter. Lincoln National Corp now owns 17,940 shares of the auto parts company’s stock valued at $584,000 after purchasing an additional 411 shares in the last quarter. Raymond James Trust N.A. grew its stake in Gentex by 4.3% in the 4th quarter. Raymond James Trust N.A. now owns 10,317 shares of the auto parts company’s stock worth $337,000 after buying an additional 426 shares in the last quarter. Finally, Cardinal Capital Management increased its stake in Gentex by 1.1% in the fourth quarter. Cardinal Capital Management now owns 43,615 shares of the auto parts company’s stock valued at $1,424,000 after acquiring an additional 461 shares during the last quarter. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Gentex

In related news, CFO Kevin C. Nash sold 13,500 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $33.04, for a total transaction of $446,040.00. Following the sale, the chief financial officer now directly owns 44,321 shares of the company’s stock, valued at $1,464,365.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.41% of the company’s stock.

Gentex Price Performance

NASDAQ:GNTX opened at $34.66 on Wednesday. Gentex Co. has a 1-year low of $25.86 and a 1-year high of $37.58. The company has a market capitalization of $8.02 billion, a PE ratio of 18.34, a P/E/G ratio of 0.75 and a beta of 0.98. The firm’s 50-day moving average price is $35.49 and its 200-day moving average price is $33.27.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings results on Friday, April 26th. The auto parts company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). Gentex had a return on equity of 19.19% and a net margin of 18.77%. The company had revenue of $590.23 million during the quarter, compared to analysts’ expectations of $600.38 million. During the same quarter in the previous year, the company earned $0.42 EPS. The business’s quarterly revenue was up 7.2% on a year-over-year basis. Equities analysts anticipate that Gentex Co. will post 2.11 EPS for the current fiscal year.

Gentex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, April 5th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, April 4th. This represents a $0.48 dividend on an annualized basis and a yield of 1.38%. Gentex’s dividend payout ratio is currently 25.40%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Guggenheim increased their price objective on Gentex from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. JPMorgan Chase & Co. boosted their target price on Gentex from $36.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. StockNews.com raised shares of Gentex from a “hold” rating to a “buy” rating in a research note on Tuesday. B. Riley lifted their price target on shares of Gentex from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Finally, The Goldman Sachs Group raised their target price on shares of Gentex from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.83.

Gentex Profile

Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, Republic of Korea, and internationally. It operates through Automotive Products and Other segments. The company offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, automotive suppliers, and various aftermarket and accessory customers.